EconomyBank of Russia projects 2026 key rate at 14.5-14.6% under baseline scenario
The Bank of Russia forecasts a key rate of 14.5-14.6% in 2026 under its baseline scenario, declining to 10.5-12.5% in 2027, 8-9% in 2028 and 7.5-8.5% in 2029. It expects inflation at 6-7% in 2026 and 4% annually from 2027 through 2029, while GDP growth is projected at 0-1% in 2026 and 1.5-2.5% in 2027-2029.
Bank of Russia projects 2026 key rate at 14.5-14.6% under baseline scenario